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The Central Bank of Nigeria (CBN), in a bid to address the acute shortage of lower denomination currencies, on Tuesday commenced an exercise aimed at flooding the market with N100, N50, N20, N10 and N5 notes. The apex bank, however, warned against hoarding and cloning of the lower currency notes, stating that anyone caught would face the full wrath of the law. Speaking at a sensitisation programme at the Wuse Market in Abuja, the Director, Currency Operations, CBN, Mrs. Priscilla Eleje, said the apex bank was unhappy that lower denomination naira notes were in short supply. She stated that the bank was mindful of the development and had decided to address the challenge, starting with traders. She also warned those who were hoarding the lower denomination naira notes for the purpose of profiting from their resale to stop the idea as they risked prosecution when caught. Eleje said, “We spend money to print money every year. But we don’t see the money in the market. So, we called th...

[unable to retrieve full-text content] Authorities are still trying to assess the extent of the damage to remote highland regions of the country after massive quake The impoverished Pacific nation of Papua New Guinea has been devastated by a 7.5 magnitude earthquake that has claimed at least 16 lives and brought the heartland of the country to its knees. The earthquake, the strongest ever to hit the country, struck the southern highlands, Hela province and the western highlands region early on Monday morning, but the extent of the devastation took days to emerge because of the area’s remoteness.. Continue reading...

By Ahmed Abu, The Nigerian Voice, Maiduguri Troops of Operation Lafiya Dole have continued to maintain the momentum in the ongoing Operation Deep Punch II to smoke out and clear Boko Haram insurgents from enclaves in the northern fringes of the Lake Chad Islands and the Sambisa region. Colonel Onyema Nwachukwu, Deputy Director Public Relations,Theatre Command, Operation Lafiya Dole in a statement Tuesday said , "Yesterday Monday 26 February 2018, combined troops of Operation Lafiya Dole and the Cameroonian Defence Forces, in a clearance operation, took the battle to the terrorists in their enclaves at Kusha-Kucha, Surdewala, Alkanerik, Magdewerne and Mayen villages, all situated along the Nigerian - Cameroonian border. In the fierce offensives, the gallant troops killed 33 Boko Haram insurgents and destroyed 15 locally fabricated rifles captured from them. The troops also destroyed 4 Improvised Explosive Devices (IED), several motorcycles and bicycles belonging to the ins...